Historic Up-Down
312 314 5th Street NW 312-314 Great Falls, MT 59404
New
312 314 5th Street NW 312-314, Great Falls, MT, 59404
$399,000
For Sale
$399,000
Upstairs unit has been fully remodeled and is currently rented, while the downstairs level includes recent outdoor amenities.
Property Size3,904 SF
Price / SF$102.20
Days on Market7
Property Features for 312 314 5th Street NW 312-314
General Information
- Standard status
- Active
- Size
- 3,904 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1895
Listing agency
Montana's Best Realty
(406) 468-9911
Listed by
Gym Anderson · License #RRE-BRO-LIC-12207
Source
Clearwaterproperties
Added: Jul 17 Updated: Jul 22 at 3:43PM Checked: Jul 22 at 3:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Montana's Best Realty
Investment Insights
Based on property information with market context.
Built in 1895, this historic up-and-down duplex offers two separate residential units. The upstairs has been totally remodeled and is currently rented. The downstairs level has a history of commercial use and is set up as part of the current duplex configuration, with recent improvements that include a hot tub area connected to the downstairs unit.
Recent renovations also include a deck off the upstairs unit with a greenhouse. The property provides flexibility, as the downstairs unit could be rented as residential or easily converted back to a retail space, depending on a buyer’s preference.
With its combination of remodeled living space and outdoor upgrades tied to each level, the building is designed to support income generation in its current duplex layout while preserving the option for alternate use.
Recent renovations also include a deck off the upstairs unit with a greenhouse. The property provides flexibility, as the downstairs unit could be rented as residential or easily converted back to a retail space, depending on a buyer’s preference.
With its combination of remodeled living space and outdoor upgrades tied to each level, the building is designed to support income generation in its current duplex layout while preserving the option for alternate use.
Key Highlights
- Up/down duplex originally built in 1895
- Upstairs unit is totally remodeled and currently rented for $1,400 per month
- Downstairs level has historic retail use history as a bakery, cigar store, and neighborhood grocery concept
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.2k | $12.60 |
| − Vacancy | −$2.1k | −$0.53 |
| EGI | $47.1k | $12.07 |
| − OpEx | −$14.1k | −$3.62 |
| NOI | $33.0k | $8.45 |
3,904 SF · lease $12.60/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.2K
$412.3K – $549.8K
NOI $32,987 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$426.5K
$373.2K – $497.6K
NOI $29,854 @ 7.0% cap · market cap 7.48%
Theoretical Best
Specialty Retail
$759.8K
$664.8K – $886.4K
NOI $53,183 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tknutson Construction
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Upstairs unit has been fully remodeled and is currently rented, while the downstairs level includes recent outdoor amenities.
Where is this duplex located?
The property is located at 312 314 5th Street NW 312-314 Great Falls, MT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Up/down duplex originally built in 1895; Upstairs unit is totally remodeled and currently rented for $1,400 per month; Downstairs level has historic retail use history as a bakery, cigar store, and neighborhood grocery concept
